POWR USDT Power Ledger Technical Analysis

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By Frans van Elst

Power Ledger logo In this Power Ledger technical analysis, we will examine the current price action, trading volume, key levels and indicators for POWR-USDT. Power Ledger (POWR) is a blockchain-based energy trading platform that enables households and businesses to buy and sell excess energy directly with each other. POWR’s decentralized marketplace allows for peer-to-peer energy trading, reducing reliance on centralized power grids and providing consumers with greater control over their energy usage. By leveraging blockchain technology, Power Ledger is revolutionizing the way we think about energy trading and consumption.

Power Ledger Price Overview:

As of May 14, 2024, Power Ledger is trading at approximately 0.3032 USDT. Let’s dive into the detailed price action for POWR-USDT:

Receive signals of caution for potential Power Ledger (POWRUSDT) downturns at 3.03e-01 USDT through bearish technical analysis, accompanied by weakened support and cautionary indicators.

Metric Value
Open (O) 0.3133
High (H) 0.3193
Low (L) 0.2977
Close (C) 0.3032
Volume (C) 29,642,928.00
  • Open (O): The opening price for today’s trading session was approximately 0.3133 USDT.
  • High (H): Power Ledger reached a daily high of around 0.3193 USDT.
  • Low (L): The daily low for POWR-USDT was approximately 0.2977 USDT.
  • Close (C): At the time of analysis, Power Ledger is trading near its daily close of 0.3032 USDT.
Metric Value
1D Change (%) -3.25%
3D Change (%) 1.40%
7D Change (%) -9.55%
30D Change (%) -0.85%
90D Change (%) -15.54%
YTD Change (%) -17.45%

Over the past three days, POWRUSDT has increased by approximately 1.40%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -9.55%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with POWRUSDT maintaining a downward trend of approximately -0.85%, despite intermittent fluctuations. Examining the last 90 days, POWRUSDT has witnessed substantial decline of approximately -15.54%, reflecting strong long-term confidence. Year-to-date, POWRUSDT has steadily depreciated by around -17.45%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Power Ledger Live Chart:

You can access a live price chart for POWR-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.61764.
  • Momentum score is -0.04444.

POWR USDT Technical Analysis

Power Ledger Trading Volume:

The trading volume for Power Ledger (POWR) over the past 24 hours has been insignificant, with approximately 29,642,928.00 USDT traded against POWR. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): POWR is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Power Ledger is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for POWR-USDT is currently in the neutral zone, around 46.32438. This suggests that Power Ledger is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Power Ledger (POWR-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Receive signals of caution for potential Power Ledger (POWRUSDT) downturns at 3.03e-01 USDT through bearish technical analysis, accompanied by weakened support and cautionary indicators.

Discover even more by checking out our comprehensive analysis on POWR BTC Power Ledger Technical Analysis — a perfect follow-up if you enjoyed this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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